S&W's Boucher: Mid-cap outperformance is around the corner

Markets may have been volatile as autumn approached, but the Smith & Williamson Enterprise fund has returned more than 3% over the three months to 3 November 2014, and beaten peers in the Targeted Absolute Return sector.

The £54m fund returned 27.5% over the three years to 31 October 2014, compared with a sector average of 10.8%, according to FE. Ahead of his presentation at Investment Week’s Funds to Watch event on 13-14 November, co-manager Mark Boucher (pictured) explained how the team uses shorting, why he likes larger mid-caps, and how he is playing the domestic recovery. What are the benefits of a long/short fund? We are not reliant on the stock market going up to make money. This year is a good example: the stock market was down 2%, and the fund was up 7%. We have been short on capital go...